Business Development Director Salary at Travelers Insurance Co BETA

How much does a Travelers Insurance Co Business Development Director make?

As of December 2024, the average annual salary for a Business Development Director at Travelers Insurance Co is $290,209, which translates to approximately $140 per hour. Salaries for Business Development Director at Travelers Insurance Co typically range from $259,390 to $317,187, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Travelers Insurance Co Overview

Website:
travelers.com
Size:
15,000 - 50,000 Employees
Revenue:
$10B - $50B
Industry:
Insurance

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business and International Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business and International Insurance segment offers property and casualty products, including commercial multi-peril, commercial property, general liability, commercial automobile, and workers' compensation; and personal property, employers' liability, public and product liability, professional indemnity, commercial property, surety, marine, aviation, personal accident, and kidnap and ransom insurance. This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; first party that provides traditional and customized property insurance programs to large and mid-sized customers; and specialized distribution, which markets and underwrites its products through brokers, wholesale agents, program managers, and specialized retail agents. The Bond & Specialty Insurance segment provides fidelity and surety and general liability products, as well as others, such as property, workers' compensation, commercial automobile, and commercial multi-peril insurance products. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners insurance to individuals. The company distributes its products primarily through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York.

See similar companies related to Travelers Insurance Co

What Skills Does a person Need at Travelers Insurance Co?

At Travelers Insurance Co, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
  2. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  3. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  4. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  5. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.

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Check more jobs information at Travelers Insurance Co

Job Title Average Travelers Insurance Co Salary Hourly Rate
2 Account Consultant $90,265 $43
3 Account Executive & Associate $90,265 $43
4 Account Executive & Trainee $108,470 $52
5 Account Manager I $90,265 $43
6 Account Manager, Construction $115,565 $56
7 Account Manager, Middle Market $149,672 $72
8 Account Manager, Receivable $139,187 $67
9 Account Operations Specialist $149,672 $72
10 Account Service Manager $165,690 $80
11 Account Underwriter, Private & Non-Profit $133,760 $64
12 Accounting Executive $70,349 $34
13 Actuary $164,426 $79

Hourly Pay at Travelers Insurance Co

The average hourly pay at Travelers Insurance Co for a Business Development Director is $140 per hour. The location, department, and job description all have an impact on the typical compensation for Travelers Insurance Co positions. The pay range and total remuneration for the job title are shown in the table below. Travelers Insurance Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $290,209 look to you?

FAQ about Salary and Jobs at Travelers Insurance Co

1. How much does Travelers Insurance Co pay per hour?
The average hourly pay is $140. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Travelers Insurance Co?
According to the data, the highest approximate salary is about $317,187 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Travelers Insurance Co?
According to the data, the lowest estimated salary is about $259,390 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.